It’s Official: Your Social Security Checks Will Get A Big Cost-Of-Living Boost In 2023

Photo: Anna Shvets/Pexels

Good news for clients taking monthly Social Security retirement benefits!

Next year, starting in January 2023, the Social Security Administration says you’ll receive an 8.7% cost-of-living benefit increase, or more than $140 per month for the average Social Security recipient, to help offset the effects of inflation. That will be the biggest cost of living increase since 1981.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

, , ,

No comments yet.

Leave a Reply